US EditionJudge Preska Insists Argentina Must Pay for YPF Expropriation
26 Articles
26 Articles
BUENOS AIRES (AP) — A U.S. judge on Monday rejected the Argentine government's request to suspend an order requiring the Argentine government to transfer 51% of YPF's shares to the plaintiffs in the lawsuit.
Judge Preska insists Argentina must pay for YPF expropriation
Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss o
The New York judge had to define whether she put on stand by the transfer of part of the capital that she ordered from the Argentine State.
In the government there is expectation today before a possible favorable news from the United States. Justice of that country could suspend the order that obliges the Argentine State to transfer 51% of the shares of YPF to the beneficiary funds that demanded the country, but would impose as a condition the deposit of a guarantee of payment.The measure could occur while the appeal to turnover of the actions, initiated by Argentina last Thursday, …
As expected, U.S. judge Loretta Preska, in charge of the Southern District Court of New York, issued another important ruling against Argentina. It is within the framework of the extensive trial against the country for the expropriation of YPF, in 2012. The government expected this adverse ruling from last week and this Monday was confirmed: the judge rejected Argentina’s request to suspend the transfer of shares from the company to Burford. She…
Judge Loretta Preska rejected the request to suspend YPF’s decision to transfer shares to the beneficiaries of her ruling in the case for the nationalization of the oil company. This was confirmed by specialist Sebastián Maril, through his social networks. The national government had asked Preska for a “stay” (temporary suspension of the sentence) given that she will continue her legal actions on the American benches. This morning, Preska reject…
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